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On July 1, 2023, Academic Learning Services entered its second month of operations. On July...

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Accounting

On July 1, 2023, Academic Learning Services entered its second month of operations. On July 31, 2023, Breanne Allarie, the owner, finalized the companys records that showed the following items. Accounts payable $ 2,950 Accounts receivable 4,900 Cash 4,500 Computer equipment 5,100 Furniture 4,700 Breanne Allarie, capital, June 30, 2023* 19,000 Office rent expense 5,400 Owners investments during July 2023 4,100 Owners withdrawals 3,900 Supplies 2,440 Textbook rental revenue 590 Tutoring revenue 7,100 Tutors wages expense 1,830 Utilities expense 970 *Hint: The ending capital balance for one period is the beginning capital balance for the next period. Use the above information to prepare a July statement of changes in equity for Academic Learning Services. (Enter all values as positive.)

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